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Tag Archives: EUR

FX Daily, March 26: Semblance of Stability Re-Emerging

Swiss Franc The Euro has risen by 0.06% at 1.1231 EUR/CHF and USD/CHF, March 26(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The sell-off in equities seemed to peak yesterday, and US indices were narrowly mixed. Traders found comfort in that performance, even though the S&P 500 finished a little below 2800, and took the markets in the Asia-Pacific region...

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FX Daily, March 25: Monday Blues: Equities Pare Quarterly Gains

Swiss Franc The Euro has fallen by 0.12% at 1.1231 EUR/CHF and USD/CHF, March 25(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: Global equities have soured after the US shares dropped the most since very early in the year before the weekend. Asia’s sell-off was led by the 3% decline in Nikkei, while Malaysia fared among the best, surrendering 1%.  Europe’s Dow...

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FOMC: Above Trend Growth Requires Continued Monetary Support

The Federal Reserve sounded more dovish than many expected and this prompted a 5-7 bp drop in US rates, and the dollar fell to new lows for the week against many of the major currencies. The median Fed forecast now anticipates no hike this year but one next year. The Fed will also taper the roll-off of its balance sheet and completing it by the end of September. In December, 11 officials anticipated two or three hikes...

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FX Daily, March 22: Dreadful EMU PMI and US Machinations Rival Brexit for Attention

Swiss Franc The Euro has fallen by 0.52% at 1.1221 EUR/CHF and USD/CHF, March 22(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The S&P 500 recovered from the post-FOMC reversal to close a new 5-month high yesterday, led by technology. Financials were the only main sector to retreat. The large equity markets in Asia, Japan, China, Australia, South Korea, and...

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FX Daily, March 21: Dovish Fed Sends Global Yields Lower, but Little Succor for Stocks

Swiss Franc The Euro has fallen by 0.28% at 1.1293 EUR/CHF and USD/CHF, March 21(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The dovishness of the Federal Reserve sent ripples through the capital markets. US equities reversed initial gains, but Asia Pacific equities edged higher, though Japanese markets were closed for a national holiday.  European shares are...

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FX Daily, March 20: Brexit Drama Continues but Fed Moves to Center Stage

Swiss Franc The Euro has fallen by 0.14% at 1.1322 EUR/CHF and USD/CHF, March 20(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: US stocks were not able to hold onto early gains yesterday, and this has helped set the stage for today’s heavier bias. Asia Pacific markets were narrowly mixed, with Japan and Korea eking out small gains while China and Taiwan slipped a...

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FX Daily, March 19: Third Vote on Withdrawal Bill Scuppered Until after EU Summit

Swiss Franc The Euro has fallen by 0.09% at 1.1341 EUR/CHF and USD/CHF, March 19(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The capital markets remain subdued. Many Asian equity markets eased after a strong two-day advance. European equities are slightly firmer. The S&P 500 closed at new five-month highs yesterday.  Benchmark 10-year yields are mostly a...

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FX Daily, March 18: Equities Advance, Dollar Slips, Key Events Awaited

Swiss Franc The Euro has risen by 0.06% at 1.1348 EUR/CHF and USD/CHF, March 18(see more posts on EUR/CHF and USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The eventful week has begun off slowly. After Wall Street’s best week in four months underpinned Asian’ equities, where all the markets but Thailand, advanced, led by the nearly 2.5% rally in Shanghai. Note that New Zealand’s...

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FX Weekly Preview: Three Highlights in the Week Ahead

Three events next week will shape the investment climate. The Federal Reserve meets and will update its forecasts and guidance. The British House of Commons may vote for a third time on the Withdrawal Bill before Prime Minister May heads of the EU Summit to ask for an extension of the UK leaving the EU. The eurozone sees the flash March PMI, with great hope that the green shoots of spring will be evident. There is...

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FX Daily, March 15: Euro and Yen Volatility Slips to New Five-Year Lows on the Ides of March

Swiss Franc The Euro has risen by 0.09% at 1.1354 EUR/CHF and USD/CHF, March 15(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The capital markets are calm ahead of the weekend. Outside of Australia and Thailand, Asia Pacific equities advanced, while European shares are mostly little changed. The regional benchmarks, like the S&P 500 have recouped last week’s...

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